Annual report [Section 13 and 15(d), not S-K Item 405]

Note 2 - Securities (Tables)

v3.25.1
Note 2 - Securities (Tables)
12 Months Ended
Dec. 31, 2024
Notes Tables  
Debt Securities, Available-for-Sale [Table Text Block]

December 31, 2024

 

U.S. government agency obligations

   

Municipal obligations

   

Mortgage-backed residential obligations

   

Collateralized mortgage obligations

   

Total available-for-sale

 
   

(Dollars in thousands)

 

1 year or less

  $ 1,000     $     $     $     $ 1,000  

1 to 5 years

    3,047       1,452       8,971       15,086       28,556  

5 to 10 years

    4,610       2,401       15,794       7,786       30,591  

After 10 years

          7,883       1,150       2,069       11,102  

Fair value

  $ 8,657     $ 11,736     $ 25,915     $ 24,941     $ 71,249  

Gross unrealized gains

                             

Gross unrealized losses

    (1,062 )     (2,367 )     (4,766 )     (3,842 )     (12,037 )

Amortized cost

  $ 9,719     $ 14,103     $ 30,681     $ 28,783     $ 83,286  

December 31, 2023

 

U.S. Treasuries

   

U.S. government agency obligations

   

Municipal obligations

   

Mortgage-backed residential obligations

   

Collateralized mortgage obligations

   

Total available-for-sale

 
           

(Dollars in thousands)

 

1 year or less

  $ 2,973     $     $ 1,292     $     $     $ 4,265  

1 to 5 years

          4,769       1,461       8,976       12,919       28,125  

5 to 10 years

          4,337       882       19,777       9,756       34,752  

After 10 years

                9,935       1,598       3,460       14,993  

Fair value

  $ 2,973     $ 9,106     $ 13,570     $ 30,351     $ 26,135     $ 82,135  

Gross unrealized gains

                1                   1  

Gross unrealized losses

    (22 )     (1,128 )     (1,882 )     (4,533 )     (3,938 )     (11,503 )

Amortized cost

  $ 2,995     $ 10,234     $ 15,451     $ 34,884     $ 30,073     $ 93,637  
Debt Securities, Available-for-Sale, Unrealized Loss Position, Fair Value [Table Text Block]
   

Less than 12 Months

   

12 Months or Longer

   

Total

 
   

Fair

   

Unrealized

   

Fair

   

Unrealized

   

Fair

   

Unrealized

 

December 31, 2024

 

Value

   

Losses

   

Value

   

Losses

   

Value

   

Losses

 
      (Dollars in thousands)

U.S. government agency obligations

  $     $     $ 8,657     $ 1,062     $ 8,657     $ 1,062  

Municipal obligations

    467       28       11,269       2,339       11,736       2,367  

Mortgage-backed residential obligations

                25,915       4,766       25,915       4,766  

Collateralized mortgage obligations

                24,941       3,842       24,941       3,842  

Total

  $ 467     $ 28     $ 70,782     $ 12,009     $ 71,249     $ 12,037  

December 31, 2023

                                               

U.S. Treasuries

  $     $     $ 2,973     $ 22     $ 2,973     $ 22  

U.S. government agency obligations

                9,106       1,128       9,106       1,128  

Municipal obligations

    279       1       12,796       1,881       13,075       1,882  

Mortgage-backed residential obligations

                30,351       4,533       30,351       4,533  

Collateralized mortgage obligations

                26,135       3,938       26,135       3,938  

Total

  $ 279     $ 1     $ 81,361     $ 11,502     $ 81,640     $ 11,503  
Schedule of Realized Gain (Loss) [Table Text Block]
   

At December 31,

 
   

2024

   

2023

 
   

(Dollars in thousands)

 

Sales of securities available for sale

  $     $ 28,509  

Gross gain realized on the sale of securities available for sale

           

Gross loss realized on the sale of securities available for sale

          (1,794 )